Carrier Global (CARR) Operating Expenses (2019 - 2026)
Carrier Global (CARR) reported Operating Expenses of $5.1 billion for Q1 2026, up 9.58% year-over-year from $4.7 billion in Q1 2025, and up 6.65% quarter-over-quarter from $4.8 billion in Q4 2025.
Carrier Global (CARR) Operating Expenses (2019 - 2026) Analysis & Trends
Carrier Global (CARR) has 8 years of Operating Expenses data on file, last reported at $5.1 billion in Q1 2026.
- Operating Expenses for Q1 2026 came in at $5.1 billion, up 9.58% year-over-year; the trailing twelve-month figure through Mar 2026 was $20.3 billion (up 1.38% YoY), and the FY2025 annual result was $19.8 billion, down 2.69% from the prior year.
- Operating Expenses grew to $5.1 billion in Q1 2026 per CARR's latest filing, from $4.8 billion in the prior quarter.
- Over five years, Operating Expenses peaked at $5.3 billion in Q2 2025 and troughed at $2.1 billion in Q4 2022.
- A 5-year average of $4.6 billion and a median of $4.8 billion in 2024 frame the typical range for Operating Expenses.
- The sharpest annual moves came in 2022 and 2023: Operating Expenses tumbled 56.41% in 2022, then soared 98.15% in 2023.
- A 5-year view of Operating Expenses shows it stood at $2.1 billion in 2022, then surged by 98.15% to $4.1 billion in 2023, then rose by 17.06% to $4.8 billion in 2024, then increased by 0.29% to $4.8 billion in 2025, then advanced by 6.65% to $5.1 billion in 2026.
- Business Quant data shows CARR's Operating Expenses at $5.1 billion in Q1 2026, $4.8 billion in Q4 2025, and $5.1 billion in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Trane Technologies | 107.22 Bn | 106.17 Bn | 1.73 Bn | 952.00 Mn |
| 2 | Johnson Controls International | 89.13 Bn | 88.60 Bn | 2.07 Bn | 1.22 Bn |
| 3 | Carrier Global | 60.07 Bn | 59.04 Bn | 4.82 Bn | 5.10 Bn |
| 4 | Lennox International | 18.56 Bn | 18.51 Bn | 351.30 Mn | 185.20 Mn |
| 5 | Masco | 15.26 Bn | 15.14 Bn | 686.00 Mn | 369.00 Mn |
| 6 | Carlisle Companies | 14.75 Bn | 13.98 Bn | 363.20 Mn | 183.90 Mn |
| 7 | SPX Technologies | 12.03 Bn | 11.87 Bn | 230.60 Mn | 14.50 Mn |
| 8 | Advanced Drainage Systems | 11.45 Bn | 11.30 Bn | 237.66 Mn | - |
| 9 | Aaon | 11.16 Bn | 11.16 Bn | 109.77 Mn | 65.81 Mn |
| 10 | Owens Corning | 10.30 Bn | 10.07 Bn | 510.00 Mn | 390.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 5.10 Bn |
| Dec 31, 2025 | 4.78 Bn |
| Sep 30, 2025 | 5.08 Bn |
| Jun 30, 2025 | 5.32 Bn |
| Mar 31, 2025 | 4.66 Bn |
| Dec 31, 2024 | 4.77 Bn |
| Sep 30, 2024 | 5.28 Bn |
| Jun 30, 2024 | 5.31 Bn |
| Mar 31, 2024 | 5.03 Bn |
| Dec 31, 2023 | 4.07 Bn |
| Sep 30, 2023 | 4.24 Bn |
| Jun 30, 2023 | 5.17 Bn |
| Mar 31, 2023 | 4.76 Bn |
| Dec 31, 2022 | 2.06 Bn |
| Sep 30, 2022 | 4.74 Bn |
| Jun 30, 2022 | 4.50 Bn |
| Mar 31, 2022 | 4.09 Bn |
| Dec 31, 2021 | 4.72 Bn |
| Sep 30, 2021 | 4.61 Bn |
| Jun 30, 2021 | 4.76 Bn |